Page 93 - TYCONS - ANNUAL REPORT 2022

Tycoons Worldwide Group (Thailand) Plc.

2. Fastbolt International Pte. Ltd
The structure of joint venture with Fastbolt International Pte. Ltd. is a Conflict of
Interest, due to TGI holds more than 10% of the shares. The reason for the forming
this investment structure is for the benefits that TYCN will receive from the joint
venture are as follow:

1. The products that Fastbolt International Pte. Ltd. buys, if they are the products
that TYCN manufactures, they will mainly buy from TYCN, which will benefit TYCN
by being able to sell more products to increase sales volume and have more profits
2. TGI is a holding company. There is no production and distribution assembly
activities. Therefore, it will not be a competitor to TYCN.
3. TYCN shall participate in the board of directors on an equal voting basis with
TGI, enabling TYCN to create opportunities to expand and expand TYCN's
merchandising market to EU and Chinese countries through Fastbolt International Pte.

Ltd. and Fastbolt Group.
4. The company seeks for stable investments and helps the company survive and
sustainably grow in a long term. As this is the first time in foreign investment, the
company decide to proceed with a joint venture scheme with TGI that has more expertise
and experience in foreign investment. In addition, Fastbolt Group is a company that has
the potential to generate consistent income in the long run and grow in the future, to be
able to generate stable income and profitability for the Company, which will lead to the
creation of added value for shareholders, as well as generate good returns for all
shareholders, including the Company. This will have a positive impact on the company's
operating position in the future.
5. The joint venture in Fastbolt International Pte. Ltd. will be of great benefit to
TYCN's business, the fact that TYCN will always have access to fastbolt group
marketing information , which in this respect will be of great benefit to TYCN's
business, especially for TYCN to be able to recognize the current situation and the
demand for the various nuts, screws, clamps that TYCN manufactures and sells in the
EU and Chinese markets, which will reflect the overall picture of the global market and
the prices of steel products that are about to change more clearly. This enables TYCN to
manage stock products to meet market demands and control the cost price of products
to suit the global market prices that are changing significantly more accurately. TYCN
may also be able to use this opportunity to increase TYCN's distribution and distribution
channels to the EU and Chinese markets, thereby increasing the company's revenue
opportunities.

Policy and Measurement to Prevent the Conflict of Interest

1. Disclose and transmit the information of its interests and related persons to the
Board of Directors of the Company in order to know the relationship and transactions
with the Company and Fastbolt International Pte. Ltd. in a manner that may cause the
conflict of interests immediately prior to the transaction. The Secretary of the Company
shall be responsible for auditing transactions with interests on a regular basis at the end
of the year. The auditing will include executives, employees or related persons, and

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